Montreal Exchange (July 17, 1989)
The latest drilling results from a copper-zinc massive sulphide deposit in Louvicourt Twp. in northwestern Quebec have only added to investor enthusiasm for the players, Aur Resources and Societe Mini…
News
Monique ups stake in Louvicourt bet
Montreal-based Monique Exploration (ME) has signed an agreement whereby it will issue shares to Societe Miniere Louvem (TSE) in exchange for a larger stake in the Monique gold property near Val d’Or, …
Goldpost nears production, despite shareholder doubts
Even though Goldpost Resources (TSE) is planning to produce 8,000 oz gold this year from its wholly- owned Hislop West zone near Timmins, Ont., at least one shareholder is unhappy with the company’s p…
Echo Bay, Zahavy deal
Echo Bay Mines (TSE) has acquired the option to earn a 50% interest in the Favourable Lake gold property owned by Zahavy Mines (ASE). Situated north of Red Lake, Ont., the property was last explored b…
Quebec to challenge U.S. ban on asbestos
The province of Quebec plans to take legal action in the United States following an announcement of a virtual ban by that country on the use of asbestos. The U.S. Environmental Protection Agency (EPA)…
Vancouver Stock Exchange (July 17, 1989)
Although market activity here isn’t reflecting it yet, many brokers says investors are starting to look more favorably at gold issues. The general feeling is that interest rates are on the way down in…
Regulatory delays stall McNickel’s work plans
Regulatory delays are causing headaches for McNickel Inc. (COATS) which had hoped to start a major drill program last month on its Lac St. Jean copper-nickel prospect, 15 150 miles northwest of Quebec…
Oneida exploring its Mishibishu properties
Oneida Resources (VSE) is exploring its Maple Lake property in the Mishibishu Lake area west of Wawa, Ont. Work is focusing on the Pete vein, which was discovered by Oneida last year. This work includ…
Shamrock building mobile bioleach plant
As part of a program to demonstrate the commercial viability of bioleaching refractory ores, Shamrock Resources (VSE) is building a mobile bioleach demonstration plant that will be made available to o…
Chesbar gets land in Lac St. Jean
Chesbar Resources (TSE) has entered the Lac St. Jean base metals play in Quebec. The company has a deal with a private company giving it the right to buy a 100% interest in 377 claims in the area. The…
Letters to the Editor Praise for Wally Bruce, finder of Dona Lake
After reading the article on the Dona Lake gold mine (N.M., June 26/89), I realized that the only credit given to the retired vice-president exploration for Dome Mines, Mr. G. S. W. (Wally) Bruce, was…
Uruguay bet yields strong gold values
High grade gold values have been reported from grab samples on a property in southern Uruguay owned by Big Pony Gold (OTC) of Salt Lake City, Utah. Reconnaissance rock samples from the North Palacio a…